News

Dec
2012

A2IM Applauds the MUSIC Act


Posted in News, Press Releases by A2IM

Today, Congressman Jerrold Nadler (D-NY) introduced legislation to make it easier for small, independent music labels in the United States to access global music markets.  The Making United States Independents Competitive (MUSIC) Act will open up foreign markets to independent labels by helping them connect with new audiences and distributors at international music trade shows. In his press release Congressman Nadler notes this bill would help promote U. S. exports in an extremely competitive industry whose talents cannot be outsourced.  Helping these businesses access foreign markets is also an important part of President Obama’s goal to double U. S. exports in five years – an effort in which New York, home to many independent music labels and artists, continues to take the lead.”

The A2IM press release (also below) notes that as Congressman Nadler introduces the bill today he is building on the first steps taken by the music industry during the past year. In September, delegates from 16 A2IM label members and The Recording Academy visited Asia and met with buyers and potential export partners in Honk Kong, Seoul and Shanghai, on a trade mission joint funded by the U.S. Small Business Administration and by New York State Empire Development and the State of Tennessee Economic & Community Development Program via Federal State Trade and Export Promotion (“STEP”) Program Funding. In January, the first trip under the Rep. Nadler sponsored funding from the U.S. Commerce Department International Trade Administration (ITA) Market Development Cooperator Program (MDCP) will bring Independents to the Midem music business conference held in Cannes, France.

In January, the first trip under the Rep. Nadler sponsored funding from the U.S. Commerce Department International Trade Administration (ITA) Market Development Cooperator Program (MDCP) will bring Independents to the Midem music business conference held in Cannes, France. Press articles can be read, HERE FROM BILLBOARD and HERE FROM FMQB.

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A2IM
For Immediate Release
December 12, 2012
A2IM Applauds the MUSIC Act

The American Association of Independent Music (A2IM) applauds the introduction of the MUSIC (Making U.S. Independents Competitive) Act to Congress today. The Music Act will provide an annual funding program to support independent music exports that would be administered by the U.S. Commerce Department with the support and assistance of A2IM and The Recording Academy. A2IM would like to thank New York Rep. Jerry Nadler for introducing the bill and our colleagues at The Recording Academy for their joint support of the program.

Over the past decade, America’s share of the world music market has fallen from 34 to 26 percent and this type of support is crucial to reclaim America’s competitive stake, in particular for independent labels and artists who unlike the major labels don’t have extensive foreign offices or equivalent resources to promote their music outside of the U.S. A2IM President Rich Bengloff notes “This program will support the export efforts of small to medium-sized businesses and their artists. The export of intellectual property is a vital part  of our members economic business plans and the MUSIC Act will not only strengthen gains for Independent Labels but will also have a positive effect across the entire U.S. economy in improving our balance of trade. We are thankful for Rep. Nadler’s continued efforts to support independent music labels, their artists, and the entire creative community.”

“This bill would provide much needed support for our members’ efforts to promote their music overseas,” said Daryl P. Friedman, Chief Advocacy & Industry Relations Officer for The Recording Academy. “We are grateful to Rep. Nadler, and we are happy to continue our partnership with A2IM to help increase opportunities for independent artists, as many of The Recording Academy’s members are artists on independent labels or artists running indie labels of their own.”

As Congressman Nadler introduces the bill today he is building on the first steps taken by the music industry during the past year. In September, delegates from 16 A2IM label members and The Recording Academy visited Asia and met with buyers and potential export partners in Honk Kong, Seoul and Shanghai, on a trade mission joint funded by the U.S. Small Business Administration and by New York State Empire Development and the State of Tennessee Economic & Community Development Program via Federal State Trade and Export Promotion (“STEP”) Program Funding. In January, the first trip under the Rep. Nadler sponsored funding from the U.S. Commerce International Trade Administration (ITA) Market Development Cooperator Program (MDCP) will bring Independents to the Midem music business conference held in Cannes, France.

About A2IM

A2IM is a not-for-profit trade organization serving the Independent music community as a unified voice representing a sector that comprises over 30% of the music industry’s market share in the United States (and almost 40% of SoundScan digital sales). The organization represents the Independents’ interests in the marketplace, in the media, on Capitol Hill, and as part of the global music community. A2IM is headquartered in New York City.

The organization’s board of directors is composed of the following: Daptone Records General Manager Cathy Bauer; Sub Pop VP of Business Affairs Eric Brown; Epitaph General Manager Dave Hansen; Yep Roc Records Co-Owner Tor Hansen; Alligator Records Founder/CEO Bruce Iglauer; The Beggars Group Founder/CEO Martin Mills; Glassnote Records General Manager Chris Scully; Naxos of America CEO Jim Selby; Tommy Boy CEO/Founder Tom Silverman; Dead Oceans/Jagjaguwar/Secretly Canadian Founder/Co-Owner Darius Van Arman; Razor & Tie COO Victor Zaraya.

For more information, or to become a member, please visit http://www.a2im.org . For press information on A2IM, please contact Elizabeth Lutz [elutz@shorefire.com] or David McTiernan [dmctiernan@shorefire.com], at Shore Fire Media, 718.522.7171.

About The Recording Academy
Established in 1957, The Recording Academy is an organization of musicians, songwriters, producers, engineers and recording professionals that is dedicated to improving the cultural condition and quality of life for music and its makers. Internationally known for the GRAMMY Awards — the preeminent peer-recognized award for musical excellence and the most credible brand in music — The Recording Academy is responsible for groundbreaking professional development, cultural enrichment, advocacy, education and human services programs. The Academy continues to focus on its mission of recognizing musical excellence, advocating for the well-being of music makers and ensuring music remains an indelible part of our culture. For more information about The Academy, please visit www.grammy.com. For breaking news and exclusive content, follow @TheGRAMMYs on Twitter, like “The GRAMMYs” on Facebook, and join The GRAMMYs’ social communities on Foursquare, GetGlue, Instagram, Pinterest, Tumblr, and YouTube.

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